Breaking Into Wall Street Investment Banking Interview Guide Pdf Jun 2026

Is the deal accretive or dilutive? (If the Acquirer’s P/E is higher than the Target’s in an all-stock deal, it’s generally accretive). LBO (Leveraged Buyout):

Investment bankers value companies using three primary methodologies. You must know them in order from highest to lowest typical valuation and understand why they differ.

Share a genuine professional or academic failure, take full responsibility, and explain the concrete steps you took to ensure it never happened again. 4. Technical Interview Concepts Is the deal accretive or dilutive

Why? Because they made three fatal mistakes:

But here is the more important truth:

Discount both the forecast period cash flows and the terminal value back to the present day using the Weighted Average Cost of Capital (WACC) as the discount rate. 5. Advanced Concepts: M&A and LBOs

“Company A (P/E 20x) buys Company B (P/E 10x) with 100% cash. Accretive or dilutive?” → Accretive. Cash has a cost (~5% pre-tax), but B’s earnings yield = 10%, so cash yield < B’s yield → accretive. You must know them in order from highest

Their primary interview guide (often sought as a PDF format) covers the core competencies required to succeed:

Securing an investment banking role is intense, but with the right tools, you can confidently walk into any interview. The is a comprehensive, proven resource designed to turn your ambition into a career. By focusing on technical accuracy, behavioral preparation, and realistic modeling scenarios, you can set yourself apart from the competition. Technical Interview Concepts Why